Eduard Watson

8 months ago

The Ripple and XRP community will be sad to know that Ripple has parted ways with its chief market strategist Cory Johnson.

Cory Johnson's position has been eliminated

Tom Channick, Ripple’s spokesman, told CoinDesk that the San-Francisco based company has eliminated Johnson’s position altogether and considers his time there a massive success.

“Cory’s last year at Ripple was a success in representing the company to investors, press and regulators. Cory helped Ripple with strategy internally and overall industry education. But due to changes in market conditions, we’ve chosen to eliminate the role of Chief Market Strategist,” he said.

Ripple hired Johnson back in March 2018 after the man spent about eight years at Bloomberg TV.

He told CNBC that one of the primary tasks that he had at Ripple was to explain XRP to investors:

“The role of Ripple as a company and XRP as a currency in financial markets, to regulators, financial institutions and investors could use more explaining. I’m going to try and explain, listen and set strategies to make it easy for Wall Street and the world of finance to understand what we’re doing,” he was saying back then.

Addressing Ripple and XRP's benefits

In January Johnson talked about XRP and Ripple’s mission to enhance the speed of cross-border transacti0ons and also lower their costs. He was invited at  Cornell’s Entrepreneurship Summit in New York City.

At one point, he was asked where he sees Ripple in 10 years from now, and he said that he sees the company’s tech becoming extremely important for some of the biggest companies in the world, supporting them in moving money and paying their employees in a low-cost, and effective manner.

“We can look at the $23 trillion that are laying around in nostro and vostro accounts that are sort of set up, waiting for pre-payment, because money is so slow,” Johnson said.

Johnson has been an excellent promoter for Ripple and the company’s digital asset XRP.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

Justin Sun

Founder of TRON (TRX)

Justin Sun

Founder of TRON (TRX)

+ 1.45%
Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
SportBet.io

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Binance

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Icon
Kraken

Lorem Ipsum is simply dummy text of the printing and typesetting indu...

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Trending news

Advertise

Trending news

Top Exchanges
Icon
Binance

4.93

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Icon
Binance

4.93

Read Review - Website

Icon
Gemini

4.85

Read Review - Website

Icon
Kraken

4.10

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Icon
7bitcasino

4.20

Read Review - Website

Top Sportsbook
Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Icon
1xBit

4.0

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1358 Articles
7255 Followers